Chelmsford, MA – Winstanley Enterprises, LLC. of Concord, MA and Surrey Equities, LLC. of New Jersey have acquired the Chelmsford Mall, a nearly 225,000 square-foot open-air shopping center in Chelmsford, MA.
The property was acquired privately off market for $28 million from the original local developer who owned and operated it since the early 1970’s.
Chelmsford Mall is a 22.4-acre property located on Route 110 at 265 Chelmsford Street. The site has steady drive-by traffic volumes, over 1,000 parking spaces for automobiles, and its location on the Chelmsford/Lowell border offers immediate accessibility to Route 3 and I-495. The prop-erty is 100 percent leased with seven strong established retailers including Kohl’s, Michaels, PetSmart, Staples, Famous Footwear, Carter’s, and Best Fitness.
“This is a unique and exciting opportunity to acquire a thriving location that is fully occupied with top-tier retailers,” said Adam Winstanley, a principal of Winstanley Enterprises. “We see this as another strong long-term investment in the Chelmsford area.”…